Raleigh, NC Rental Market Trends
Last updated: August 31, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Raleigh is $1,588, a 1.61% decrease compared to the previous year, when the average rent was $1,613.
Studio Apartments at $1,322 offer the most budget-friendly option with 517 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 753 square feet for $1,409, balancing privacy and affordability.
Two-bedroom units at $1,655 offer 1,087 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,349 sq ft) for $2,028, suitable for larger households.
Average rent in Raleigh, NC
Last updated: August 31, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,588 | 948 sq. ft. |
| Studio | $1,322 | 517 sq. ft. |
| 1 Bed | $1,409 | 753 sq. ft. |
| 2 Beds | $1,655 | 1,087 sq. ft. |
| 3 Beds | $2,028 | 1,349 sq. ft. |
Raleigh, NC rent trends
Rental prices in Raleigh, NC have decreased by 1.61% over the past year. The average rent moved from $1,613 to $1,588.
What's the typical rent budget in Raleigh, NC?
The largest share of rentals in Raleigh, NC (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Raleigh, NC?
100,202 or 49% of the households in Raleigh, NC are renter-occupied while 103,241 or 51% are owner-occupied.
Most affordable neighborhoods in Raleigh?
North Haven $999/month
Winslow Ridge at Sunnybrook $1,100/month
Glenwood North $1,207/month
All of these neighborhoods fall below the city wide average of $1,588/month.Most expensive neighborhoods in Raleigh?
North Hills $2,403/month
Trailwood $2,410/month
Willmont $2,910/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Raleigh, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Willmont | $2,910 |
| Trailwood | $2,410 |
| North Hills | $2,403 |
| Colonial Heights | $2,371 |
| Fairmont | $2,139 |
| The Townes at Crabtree | $2,116 |
| Country Club Hills | $2,113 |
| Caraleigh Mills | $1,930 |
| Farrior Hills | $1,917 |
| Downtown Raleigh | $1,912 |
| Cameron Village | $1,835 |
| Glenwood | $1,831 |
| Trinity Park | $1,774 |
| Woods of Ashbury | $1,724 |
| Camley Hills | $1,694 |
| Renaissance Park | $1,684 |
| Lockwood | $1,661 |
| Woodcrest | $1,653 |
| Eastgate | $1,648 |
| Crabtree Woods | $1,644 |
| Laurel Hills | $1,643 |
| Brookwood | $1,643 |
| Alexander Place | $1,608 |
| Silver Lake | $1,598 |
| Meredith Woods | $1,589 |
| Suncreek | $1,577 |
| Brentwood | $1,555 |
| Brier Creek | $1,543 |
| Lakeview | $1,542 |
| Wakefield Plantation | $1,535 |
| Village of Tryon | $1,534 |
| Beachwood | $1,531 |
| North Shore | $1,529 |
| North Ridge | $1,526 |
| Village of Fox Run | $1,522 |
| Northridge Trace | $1,520 |
| Simms Branch - Anson Grove | $1,508 |
| Brookside Village | $1,489 |
| Autumn Woods | $1,480 |
| Northwest Woods | $1,463 |
| Crown Oaks | $1,447 |
| Legacy Oaks | $1,447 |
| Northglen | $1,416 |
| Pinewinds | $1,408 |
| Greenbrier | $1,392 |
| Ashebrook | $1,392 |
| Thornton Commons | $1,390 |
| Olde Province | $1,384 |
| Deblyn Park | $1,384 |
| Westlake Village | $1,378 |
| Glen Forest | $1,353 |
| Pepperdyne | $1,348 |
| Northclift | $1,342 |
| Old Farm | $1,327 |
| Bent Creek | $1,320 |
| Hampton Oaks | $1,316 |
| Hertford Village | $1,315 |
| Sweetbriar | $1,314 |
| Brookhaven | $1,305 |
| Hope Valley | $1,292 |
| Riverbirch | $1,273 |
| Timberlake Estates | $1,256 |
| College View | $1,226 |
| Glenwood North | $1,207 |
| Winslow Ridge at Sunnybrook | $1,100 |
| North Haven | $999 |
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Raleigh | Rent Comparison by Neighborhood
Rent in Alexander Place is 16% higher than in Ashebrook
$1,608
Alexander Place rent is 1% higher than Raleigh average
Average Rent
$1,608
$1,392
Ashebrook rent is 12% lower than Raleigh average
Average Rent
$1,392
How Raleigh Compares to Other Cities
| City | Average Rent |
|---|---|
| Raleigh | $1,588 |
| Charlotte | $1,686 |
| Winston - Salem | $1,272 |
| Fayetteville | $1,289 |
| Durham | $1,549 |
| Greensboro | $1,336 |
| Wilson | $1,369 |
| Rocky Mount | $1,205 |
| Hickory | $1,476 |
| Greenville | $1,403 |
| Concord | $1,533 |
| Clayton | $1,581 |
| Cary | $1,715 |
| Wake Forest | $1,623 |
| Morrisville, NC | $1,690 |
| Chapel Hill, NC | $1,790 |
| Apex, NC | $1,708 |
| Fuquay Varina, NC | $1,631 |
| Garner, NC | $1,430 |
| Holly Springs, NC | $1,740 |
| Knightdale, NC | $1,593 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Raleigh apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.